China Instructs Top ISP’s To reduce Broadband Prices by 30%, in an attempt to grow the national digital economy

By July 13th, 2015 AT 5:12 AM

The Chinese government, in an attempt to grow the national digital economy, has urged its top broadband service providers to slash down the prices by 30% by the end of the year.

india-broadband

As per the reports published in China Daily, Zhang Feng, Spokesperson, Ministry of Industry and Information Technology, stated that three of the top broadband service providers in the country have been told to improve access prices. He further added that the internet was becoming the basic need for China’s start-up culture; however, its cost was not in line with the requirement. To help the national economy bolster, top service providers in the country should reduce prices.

Zhang reiterated that the Chinese Government would invest $70.06 billion in 2015 to augment the internet infrastructure of the country. It’s 10% higher than previous year’s investment made by the government.
China seeks to invest more than $1.1 trillion over a period of next three years to improve 4G network and fixed broadband services.

Bhupendra holds a Post Graduate degree from Christ University. He is an investment banker & trader by profession and a writer by heart.

guest
5 Comments
newest
oldest
Inline Feedbacks
View all comments

Recent Posts

Airtel to Leverage Qualcomm’s 5G RAN Platform for Rolling Out 5G In India

Bharti Airtel and Qualcomm Technologies today announced their collaboration for accelerating 5G in India. Recently, Airtel became India’s first telco...

Google Pixel 5a Renders Leaked Online Suggest Similar Design as Pixel 4a

Google seems to have finalised the design for Pixel 5a and it looks largely similar to the Pixel 4a. Last...

Netflix Brings Downloads for You Feature: Here’s How It Works

Netflix is now rolling out a new feature called ‘Downloads for You.‘ The streaming platform introduced the ‘Smart Downloads‘ feature...